Jan 15 (Reuters) - Wall Street bled on Friday, with the S&P
500 sinking to its lowest since October 2014 as oil prices sank
below $30 per barrel and fears grew about economic trouble in
China.

Pain was dealt widely, with the day's trading volume
unusually high and more than a fifth of S&P 500 stocks touching
52-week lows. The major S&P sectors all ended sharply lower. The
Russell 2000 small-cap index dropped as much as 3.5
percent to its lowest since July 2013.

The energy sector dropped 2.87 percent as oil prices
fell 6.5 percent, in part due to fears of slow
economic growth in China, where major stock indexes
also slumped overnight. The energy sector has lost
nearly half its value after hitting record highs in late 2014.

"Initially when oil was down, the convenient line was 'Well,
it's good for the other nine sectors'," said Jake Dollarhide,
chief executive officer of Longbow Asset Management in Tulsa,
Oklahoma. "That tune has changed. Now, it's a contagion to the
other nine sectors. It's a contagion to Main Street and Wall
Street."
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